New Bill Would Allow Direct 401(k) Rollovers to Annuities
December 26, 2024 by John Manganaro
New bipartisan legislation introduced in the House of Representatives seeks to help older retirement savers more easily roll assets from their 401(k) accounts into annuities.
The bill, which is sponsored by Reps. Jimmy Panetta, D-Calif., and Darin LaHood, R-Ill, also seeks to simplify the 402(f) notice explaining workers’ retirement plan distribution options.
Wink’s Moore on the Market: Wow.
The fiduciary rule supporters’ eyes are going to roll at this. -sjm
Originally Posted at Think Advisor on December 19, 2024 by John Manganaro.
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